BHEL spurts 2% after commissioning thermal unit in WB

The company has successfully commissioned a 500 MW thermal generating unit in West Bengal.

BHEL rallied 2% to Rs. 169.45 on BSE. The company has successfully commissioned a 500 MW thermal generating unit in West Bengal. The 500 MW (Unit 3) was commissioned at the upcoming Sagardighi thermal power extension project of West Bengal Power Development Corporation (WBPDCL), located at Sagardighi in Murshidabad district of West Bengal.

The scrip opened at Rs. 167 and has touched a high and low of Rs. 169.15 and Rs. 167 respectively. So far 1,84,665 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 40654.64 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 299.5 on 04-Feb-2015 and a 52 week low of Rs. 164.1 on 08-Dec-2015. Last one week high and low of the scrip stood at Rs. 171 and Rs. 164.15 respectively.

The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 33.21 % and 3.73 % respectively.

The stock is currently trading above its 200 DMA.